AL HB303

Cryptocurrency kiosk operators must display fraud warnings listing common scams (romance scams, impersonation schemes, fake lottery winnings) and require consumers to acknowledge these disclosures before completing transactions

New consumers face transaction limits of $1,000 per day and $10,000 per month; existing consumers are limited to $10,500 per day; operators must verify identity for all transactions using blockchain analytics software to block wallets linked to criminal activity

New consumers who are fraud victims receive full refunds; existing consumers receive 50% refunds if they report to both the operator and law enforcement within 60 calendar days and provide a police report

Operators must provide live U.S.-based toll-free customer service, issue detailed receipts, maintain dedicated communication lines for government agencies, and comply with Bank Secrecy Act and USA PATRIOT Act reporting requirements

Privacy coins (cryptocurrencies designed to be untraceable) are prohibited from being bought, sold, or sent through kiosks; violations subject to civil penalties under Alabama Securities Commission authority; effective October 1, 2026